Gaming Controller Market
Emergence of New Gaming Platforms to Fuel Gaming Controller Market Growth During Forecast Period.
As gaming evolves and diversifies across various platforms, the demand for controllers that cater to unique gaming experiences grows. The launch of new console generations (e.g., PlayStation 5, Xbox Series X) introduces updated controllers with enhanced features and capabilities. These controllers are designed to leverage the specific functionalities of the new consoles, offering improved haptic feedback, adaptive triggers, and other advanced features. The rise of PC gaming, often associated with diverse game genres and player preferences, fuels the demand for customizable controllers. Companies such as Razer offer high-end, customizable PC controllers with programmable buttons, adjustable triggers, and personalized designs. With the increasing popularity of mobile gaming, especially on smartphones and tablets, there is a rising demand for controllers that enhance the gaming experience. Bluetooth controllers, including the Xbox Wireless Controller, provide a console-like feel for mobile gamers. Also, the growth of virtual reality (VR) gaming has led to the development of motion controllers that provide immersive and interactive experiences. Oculus Touch controllers for the Oculus Rift and Quest series are examples of controllers designed specifically for VR environments. Cross-platform gaming, where players can engage with the same game on different devices, has led to the creation of versatile controllers. Devices like the Xbox Elite Wireless Controller Series 2 are designed to work seamlessly across Xbox consoles, PCs, and mobile devices. Further, there is an increasing focus on designing controllers with improved ergonomics and accessibility features. The Xbox Adaptive Controller is a notable example, designed to accommodate gamers with diverse mobility needs. Hence, the emergence of new gaming platforms is anticipated to fuel the requirement for controllers tailored to specific platform requirements and gaming experiences, offering growth opportunities for the gaming controller market.
Gaming Controller Market: Industry Overview
The gaming controller market analysis has been carried out by considering the following segments: technology, application, and geography. Based on product type, the market is segmented into gamepad, joystick, trackball, steering wheel, throttle quadrant, and others. Based on compatibility, the market is divided into PCs, console, and mobile. Based on connectivity, the market is divided into wired and wireless. Based on distribution channel, the gaming controller market is segmented into online and offline. Based on end use, the market is segmented into personal and commercial. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The global gaming controller market is segmented into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South America. The MEA is quickly advancing to shape the future of esports and gaming with exceptional government investments. Over US$ 3 billion was provided in 2022 in the gaming industry by Saudi Arabia’s Public Investment Fund (PIF) as part of a much larger US$ 38 billion commitment by PIF to be used by its company, Savvy Games Group (SGG). Multiple acquisitions in gaming (Embracer Group, Scopely) and esports (ESL, FACEIT, VSPO) have already been executed. Additionally, Abu Dhabi Gaming has created a dedicated gaming and esports hub with strong incentives. The MEA has seen a surge in esports participation and events. Esports tournaments often attract a large audience and participants who seek professional-grade gaming accessories. This has contributed to the demand for advanced gaming controllers designed for competitive gaming. Esports events, such as the Intel Arabian Cup, have gained popularity in the Middle East, driving the need for high-quality gaming peripherals. Therefore, the gaming controller market is growing in the MEA.
In line with its aim to expand its economy away from oil and to become a video gaming powerhouse, Saudi Arabia announced that it would invest US$ 38 billion in the local online gaming industry in Riyadh. Also, organized by the Saudi Esports Federation (SEF), the authority nurturing elite gamers and developing the nation’s gaming community and industry, Gamers8 is the biggest gaming and esports festival worldwide. It has a US$ 45 million prize pool. In July 2023, Google announced new programs that will see the company train game developers, students, content creators, and esports players in Saudi Arabia. Thus, the increase in video gaming in Saudi Arabia is propelling the demand for gaming controllers.
Gaming Controller Market: Competitive Landscape and Key Developments
Guillemot Corp SA, Microsoft Corp, Logitech International SA, Corsair Gaming Inc, ACCO Brands Corp, Mad Catz Global Ltd, Sabrent, Sony Group Corp, Razer Inc, and Nintendo Co Ltd are among the prominent players profiled in the gaming controller market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The gaming controller market forecast can help stakeholders plan their growth strategies. A few developments, as per company press releases, are mentioned below:
- In 2023, Thrustmaster, a brand of Guillemot Corp SA, announced the expansion of its racing ecosystem by adding a new shifter: TH8S Shifter Add-On. The newly launched product has an 8-position “H”-pattern shift plate and is a versatile shifter for all types of games and vehicles with manual shifting for enhanced racing immersion sensations. It is compatible with PS5, PS4, Xbox One, and Xbox Series X|S with Thrustmaster Force Feedback racing wheels. It is also compatible with all types of racing wheels on PC.
- In 2022, Thrustmaster, a brand of Guillemot Corp SA, announced the launch of its product range, including Xbox with the TCA Sidestick X Airbus Edition and the TCA Captain Pack X Airbus Edition. The products have been available in Europe, Asia, the Middle East, and North America since November 2022. The design of the products was inspired by Airbus, which provides its users with a real gaming experience. The products are enhanced with connectivity and are compatible with PCs.
